The National Bank for Financing Infrastructure and Development Act, 2021
Central · 2021
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Establishment and incorporation of Institution.
- S. 4Purposes and objectives of Institution.
- S. 5Authorised share capital.
- S. 6Board of Directors.
- S. 7Management
- S. 8Delegation of powers.
- S. 9Term of office and other terms and conditions of service of Chairperson and other directors of Board.
- S. 10Disqualification and removal of directors from office.
- S. 11Removal of Chairperson and other directors in certain cases.
- S. 12Vacation and resignation of office by directors.
- S. 13Meetings of Board.
- S. 14Defects in appointment not to invalidate acts, etc.
- S. 15Committees of Board.
- S. 16Disclosure of interest by members of Board or of committees.
- S. 17Functions and powers of Institution.
- S. 18Prohibited business.
- S. 19Related party transactions.
- S. 20Performance review of Institution.
- S. 21Grants and contribution.
- S. 22Concessional rate of Government guarantee.
- S. 23Hedging costs.
- S. 24Disposal of profit accruing to Institution, to reserve fund.
- S. 25Preparation of balance sheet and accounts.
- S. 26Audit.
- S. 27Returns and report.
- S. 28Receivables to be held in trust.
- S. 29Setting up of other development financial institution.
- S. 30Officers and employees.
- S. 31Powers of Central Government to make rules.
- S. 32Powers of Board to make regulations.
- S. 33Rules and regulations to be laid before Parliament.
- S. 34Protection of action taken in good faith.
- S. 35Sanction for enquiry, inquiry, investigation and prosecution.
- S. 36Appointment of directors by Institution to prevail.
- S. 37Validity of loan or advance not to be questioned.
- S. 38Obligations as to fidelity and secrecy.
- S. 39Adjudication.
- S. 40Indemnity of directors.
- S. 41Bankers’ Books of Evidence Act, 1891 to apply in relation to the Institution.
- S. 42Section 34A and 36AD of the Banking Regulation Act, 1949 to apply to Institution.
- S. 43Liquidation of Institutions.
- S. 44Powers of Central Government to issue directions.
- S. 45Overriding effect of this Act.
- S. 46Power to remove difficulties.
- S. 47Amendment of Act 2 of 1934.
- S. 48Amendment of Act 10 of 1949.